Form 8.5 (EPT/RI)-Virgin Money UK plc

JPMorgan Securities Plc

13 March 2024

 

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Name of exempt principal trader:	J.P. Morgan Securities Plc
(b) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	Virgin Money UK plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Joint financial adviser and joint corporate broker to Virgin Money UK plc
(d) Date dealing undertaken:	12 March 2024
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?      If it is a cash offer or possible cash offer, state "N/A"	N/A

2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
10p ordinary	Purchase Sale	2,167,993 979,575	2.1150 GBP 2.1150 GBP	2.1037 GBP 2.1030 GBP

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
CDI	Purchase Sale	- -	- -	- -

 (b)       Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
10p ordinary	Equity Swap	Decrease Long Decrease Short Increase Long Increase Short	5,795 34,998 6,019 196,856 895 43,918 217 127,557 11,398 1 200,000 1,248 653 3,992 2,940 23,044 2,048 555 37,258 58 2,833 549 16,454 102 4,268 60 1,056 362 11,759 81,035 4 49,503 82,876 1,406 423 895 4,540 5,896 6,243 17,785 16,853 10,886 1 48,279 5,063 3,333 35 12 1,376 25,154 235,195 500,000 1,584	2.1040 GBP 2.1041 GBP 2.1049 GBP 2.1050 GBP 2.1070 GBP 2.1077 GBP 2.1079 GBP 2.1082 GBP 2.1088 GBP 2.1090 GBP 2.1091 GBP 2.1096 GBP 2.1100 GBP 2.1101 GBP 2.1103 GBP 2.1104 GBP 2.1107 GBP 2.1110 GBP 2.1119 GBP 2.1150 GBP 2.1052 GBP 2.1063 GBP 2.1072 GBP 2.1075 GBP 2.1096 GBP 2.1102 GBP 2.1107 GBP 2.1110 GBP 2.1140 GBP 2.1038 GBP 2.1039 GBP 2.1040 GBP 2.1047 GBP 2.1061 GBP 2.1065 GBP 2.1070 GBP 2.1077 GBP 2.1078 GBP 2.1080 GBP 2.1084 GBP 2.1085 GBP 2.1087 GBP 2.1090 GBP 2.1091 GBP 2.1092 GBP 2.1097 GBP 2.1100 GBP 2.1103 GBP 2.1107 GBP 2.1040 GBP 2.1051 GBP 2.1071 GBP 2.1092 GBP

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
CDI	Equity Swap	Opening a Long Position Opening a Short Position	48,090 48,090	4.0576 AUD 4.0582 AUD

 (c)       Stock-settled derivative transactions (including options)

(i)         Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit

(ii)        Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

3.         OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

None

Date of disclosure:	13 March 2024
Contact name:	Natasha Mondon
Telephone number:	01202 325175

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. 

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END